1926-04-14 — Page 3

Page

THE HONGKONG DAILY PRESS, WEDNESDAY, APRIL 14TH 1926

THE UNITED "ASBESTOS ORIENTAL AGENCY, · LTD.

Tel. Central 286.

AGENTS' FOR

2, Queen's. Balildings,

BRIGG'S BITUMINOUS ENAMELS & SOLUTIONS.

SOLE AGENTS FOR

#4

UNION

ANTI-CORROSIVE and ANTI-FOULING COMPOSITIONS

FOR SHIP'S BOTTOMS.

ANCHOR BRAND PURE MANILA ROPE.

"THE CORDAGE YOU CAN TRUST.”

MARINE ROPE

» TRANSMISSION

OF POWER ROPE

CABLE LAID

HAWSERS

'WELL- 'DRILLING

CABLES

ESTABLISHED 1854

STI

ROPE

FACTORY

MANILA

RUPES OF ALDI

SIZES FOR ALL PURPOSES

MADE FROM " PURE MANTLA HEMP

MANUFACTURED

BY THE MOST

MODERN

MACHINERY.

STOCKS ON HAND OF ALL SIZES, ENQUIRIES SOLICITED ;

FACTORIES:-MANILA, P.I.

HONGKONG OFFICE:

KING'S BUILDING.

TELEPHONE CINTAAL-3165,

A.P.B.

THE WARM WEATHER IS HERE.

GAS FOR COOKING AND BATHS.

SAVES TROUBLE. SAVES TIME. SAVES DIRT.

All the latest Gas appliances can be inspected at the Hongkong and China Gas Co's showrooms, 26, Des Voeux Road Central and West Point.

-A.P.B.

THE NAVY'S CHOICE

Coates

ORIGIHAN

PLYMOUTH GIN

An four

OBTAINABLE EVERYWHFRE.

Typhoons may rage-

The heat may be oppressive-but you can always depend on Horlick's Maled Milk lo be pure and fresh. Horlick's ts a never failing stand by for nourishing suistening and invigorating young & old.

HORLICKS MALTED MILK

Sizes THE ORIGINAL

Chemistr Stores

430

SUPREME COURT. ALLEGED FRAUDULENT | MIS.. REPRESENTATION.

2

EMPIRE TRADE LEAGUE

NEED FOR OPEN MARKETS.

Addressing the Council of the Inter- national Chamber of Commerce in Paris, Mr. Walter Leaf, the president, reviewed

tries of Europe, the United States, and Japan. They now had available the an

A CANTON MERCHANT'S. VENTURE. At the Supreme Court yesterday before the Chief Justice (Sir Henry Gollan), the economic position of the leading coun Chineas merchant of 29; Seymour Road, was plaintiff in an action against the Hop Yick favestiment Company, and Wong Ponual statistics for 1923. As to the man- Kung and Wong Fu Kwok, partners.

Plaint appealed for a recission of an agreement; repayment of $30,000 and interest; damages in respect of false and fraudulent misrepresentation; and a dia solution of partnership.

ner in which the nations were dealing with their currency problems, he said that the last four months have seen not able changes Belgium bad, since the beginning of the year, effectively atabilis- ed ́its frang, of course at a devaluated He was represented by Mr. Eldon rate and Italy, though so far as he was Potter, EC. (instructed by Mr. M. Kaware no legislation for the purpose had Lo), whilst Mr. Someraet Fitzroy (in structed by Mr. C. & S. Russ) wàn for the defendants,

been passed, had in practice attained stability for several months, and had succeeded in balancing the State Budget, avowedly with the intention of keeping the lira at not less than its present exs change value. That left in the frst group only one nation-France.

:

Mr. Potter, outlining the case for the plaintiff, said that in April 1933, plaintiff came down to Hongkong, and whilst in the 'Colony was introduced to the Wongs, the defendants in the action. At that

It was, of course, not possible for the interview the Wongs informed him that International Chamber to take any side they and some others had arranged to in a matter which was primarily one of form a partnership for the purpose of internal French politics. But he could acquiring certain property in Kowloon not refrain from expressing the deep In fact, ag arrangement had been made concern with which every nation looked previously to buy, the property. They on at the discussions which were pro- told the plaintiff that the property, which i ceeding, and the general sense that unlezs spnsisted of 16 houses, was valuable and the question was faced with courage and could be bought for 7 lakhs of dollars. påtrictism the results might be, such as It was, they said, a very good specula-to bring about disaster which would not tion.

be confined to France itself. It

was only too obvious that much longer délay could only react unfortunately on the national credit of the French Republic. Other nations, which in November were going through the struggles necessary to re- habilitation of their currency, had since made great advance. In fact, with one exception, of which he had already speken, all the chief European currencies bad been stabilised, and it may be added that, again with one exception, a settle- ment of all the outstanding inter-Allied debta had been reached. That was no small advance to be recorded within a period of only four mouths.

At that time, Counsel continued, there was a boom in property in the Colony, and had that boom continued it would have been a good speculation. The pro- perty was bought in June, 1993, when the Wongs informed plaintiff that the part nership which was to be formed was to have a capital of 8 lakhs, and that the property was to be required without mortgage. It was also ruled that the shares would have to be fully paid.

As far as plaintiff was concerned, the shares were fully paid up, but the other shareholders did not do so. Plaintiff had agreed to become a partner, is the firm because he trusted the Wongs. He hand- ed over the $30,00 which he had agreed to put up, and was given receipts for the money.

These were signed by the Wongs and chopped with the chop of the Company. The first payment of $18,000 was paid in Hongkong, whilst three other payments were made in Canton and re mitted to the defendant company in Hong kong. He did not have any share scrip but he later got an acknowledgment of

payment.

UEEN CINEM

© CUPER

S

TO-DAY ONLY.

GOLDWYN

"WILD

PRESENTS

ORANGES

WITH A BRILLIANT CAST

INCLUDING

FRANK MAYO "VIRGINIA VALLI FORD STERLING JUNE MATHIS

A KING VIDOR PRODUCTION. You will enjoy each stirring moment of "Wild Oranges." It is a tender love story. It is a vivid action drama.

THE STAR

TO-DAY ONLY. ALICE LAKE and JACK MULĦALL

"THE MARRIAGE

IN

13

THE WORLD

TO-DAY AT 5.15 & 9.15

GASTON GLASS

THE SONG OF LIFE.

INVESTMENTS.

WE NEGOTIATE ----

Ah Locat, Shanghai and Singapore Investment Shares.

T'spax Jerning New Ecudais

WE SELL

Malaka Pindas' Malakof Trafalgars

We are also buyers at difference of brokerage.

No Lot Too Small No Let Too Larga.

HONGKONG SMALL INVESTORS SHARE & REAL ESTATE CO.

10, Des Voeur Road.

[125

TEL: 4330.

THE MOTOR VEHICLES IN

HONGKONG.

HONGKONG. STOCK EXCHANGE:

CLOSING QUOTATIONS.

AVRIL 13th, 1926

..$1,060 mm2 11225 nom.

mon fed

£30 bay,

2131 buy.

$80 buy.

825 buy.

The following paragraph relating to Hongkong 13 reproduced from The British Motor Number of The Tunce

Eongkong Baak....

-Day Landon In the earlier days of motors it was issued on March 17th- apparently considered that vehicles would Chartered Bank. be unable to cope with the hilly roads. Mercantile Bank, A & B, The steepest gradient is 1 in 7, and any P.&O.. vehicle should be capable of doing con- & O. Bank... tinuous bill work, including the ascent of Canton Insurance. the Peak, 1,800ft, as a regular part of China Uniwriters. its daily work. In 1914, however, the North China Insurance authorities began to recognize that motor Union Insurance vehicles were the only type that could Yangtare Insurance successfully fiegotiate the hills. There are Chin Fire Insurance over 200 miles of road, of which about 150 Hongkong Fire Insuranos „ 3300-bay. The ruling gradient may be taken as 1 in AK, U. & M. Steamboats... $25 miles are used for mechanical transport. Douglaser printer

20; the streams are all bridged. The Hangkung Tugs... bridges have a minimum width generally Indo-Chinas (Frest.) of gift, wifh a bearing capacity of 10 tons."

Do

(Net),

Shell Transports. Star Ferr168e Waterboats...

Cristal Navigationɛ ta China Sugata **** Malabon Bugars Benguets. Kauan Mining

Shaghai Explorat Shanghai Lope LODI

„$1.53 buy, „„Fla. 145 nom.

bay, 283/5.

res

$170 buy.

*22 num

ng bay

nom.

nom.

buy.

$150 Hous

124 boy. „854 ROM..

41; nom. 421ebay.

241 ·bay. TIS. 12 buy

Tis. Of buy.

„35 tom.

The industrial position did not, un fortunately, show an equally uniform picture of advance. They were still the same complaints of trade barriers, espe- That cially increased customs duties. was particularly the case with Germany and Switzerland. There were also com- plaints in many cases of the severity of competition aided by falling rates of exchange. In Great Britain the position had undergone so great change since November last. It was still true that the question of coal dominated the In March, 1994, plaintiff received economic situation. The possibility of a notice of a meeting of partners to be held desperate industrial struggle in May in Hongkong. It was the first meeting next was still alarming. Meanwhile, which he had attended and at the meet the home trade was still on the whole ing a discussion arose as to what was to satisfactory. Export trade remained do. be done with the property. Plaintiff be pressed, and shipping was' as bad as ever, came for the first time aware that the but there was a general disposition to property was mortgaged at $520,000 in look forward with more hopefulness. The. all, and that defendants were the mort effect of the resumption of the gold gagors. Having discovered that, plain-standard had been such as to fully satisfy tiff questioned one of the Wongs, and he the expectations of its supporters admitted that it was so, but promised London had recovered its position as the that his money would not be touched. central money market of the world, and Not having the share strip at that time, there had been sufficient supply of and believing what he had been told, capital for all internal needs, while the plaintiff did not then have the partner abolition of the embargo on foreign ship rescinded. A few months passed, issues bad led to a considerable activity and he again asked for share scrip. He in the external loan market, though not, then received a document acknowledging of course," on the same scale as in New the money he had put into the Company York Unemployment, was diminishing This document; also stated that if there slowly, but the returns still showed over were encumbrances on the estate, that a million out of work. The reduction

From to-morrow to Saturday inclusive plaintiff's money was not to be touched a largely due to the Government sub-

sidy to the coal trade, which had the principal feature on the bill will be Plaintiff then discovered that the capital naturally increased the output of the a German film, entitled The Lastwo Cottons

Laugh," which stars Emil Jannings, an was only 4 lakhs, and not 8 lakhs as he coilierica."

Summing a Mr. Leaf aid "The excellent screen artist. had been previously informed. This was

general conclusion to be drawn from this

THE STAR: THEATRE. told him by Yu Kan Ying, another part review only emphasises that of last At the Star Theatre, Kowloon, yes Canton Ices

November Everywhere, with hardly an terday there opened The Marriage Caments (combined))

Do Mr. Fotter said that Yu Kan Ying was exception, there are the same complaints Market, featuring Alice Lake, supported of the difficulty of finding marketa for by Jack Mullball and Pauline Garon. It not present in Court, but he had a photo manufactures The capacity for produc is a good drama with sparkling comedy his Buses

Unins Lights (combined) graph of his share scrip if it were admis-tion is there, and is generally much interludes, and will be screened again Do. (old).....

larger than in pre-war times; but the

to-day.

(now).11. buy. producta are stagnating because they are From to-morrow to Saturday, Lon Chins Providenta ne

The Blind one His Lordship said he could not accept refuse, or at least hampered by foreign Chaney will be featured in

tariffs and trade barriers. Henco ua-Bargain," in which he takes a dual role. Dairy it as evidence.

employment, stagnation of industry, and that of a deformed servant and also as. Der & Wing (1.p.) a lamentable waste of potential human polished and fiendish stieplist. chargy. The whole standard of living is lowered by the artificial remrictions on human efficacy. A European trade league would have open markets on at least The total output of the Kailan Mining the same scale as those of the United Administration's mines for the week States, and would thus be able to com.ending March 27th, 1926, amounted to Ng Leung, "the plaintiff, gave evidence, pets in production on equal terms with 67,490 tons and the sales to 34,794 tons

ver...

sible. as evidence.

Concluding, Mr. Potter said that at another interview between defendants and the plaintiff, the former had promised to refund the 830,000, but it had not been forthcoming.

as outlined by his Counsel

The defence-had only filed their state ment of defence that morning, and His Lordship ruled that they could not take part in the hearing.

that vast area of free trade "intercourse, National jealousies force us here to en- ploy in suicidal trade struggles the. efforts which should be concentrated on the general advancement of human well- being. It is for the International Cham- ber do educate the world

Judgment was given for the plaintiff to this wider outlook. That is the task

with costs. The interest on the principal of $20,000 was fixed at & per cent.

which we are setting before cuzzelves. for this year I appeal to you all for your hearty support to the great work."

AT THE CINEMA. CURRENT PICTURES TO BE SEEN.

Wild 'Oranges

which opened at the Queen's Theatre yesterday, proved to be fruit the advance as choice a synopsis indicated.

The film is a Goldwyn production, which

Katiba always stands for a good thing in the Tronah Mines picture world. The picture depicts a ten- | Unki. Caspiana der love story, which is brought out in s HK & K. Whezis, drams of swift and vivid action. There H.K. & W. Docke are many stirring incidents in it which Hongkewa....... are very enjoyable; while there is an New ginearings....... uncanniness about the film which cannot Shanghai Dooks fail to rivet attention from start to finish. HKB. Hotels

The-Gim, which stars a brilliant cast. Hongkong Lands ... including Frank Mayo, Ford Sterling, Hinghong Resitys (6.p.), Virginia Valli and June Mathis, will be HR Territorials (1.p.)....

Rumphreys Katates shown again to-day.

Prince Building.......... Kural Lands

Orientala bhanghai Cotton (old)

· Do.. Amusements .....

"TAB". NEW ́ ́ FARORLINKET,

THERAPION NO. 1 THEBAPION No. 2: THERAPION No. 3

Wafer Madden Antarch, Wo: For Mood à 21-da "LAABOVE ORDELER TRIM DE MAILAND, 16. DA. În Case

MENAS HELEND-HAN PRAPROT,

180 sel.”

85/- nom,

nom.?? 123 buy., 130 sa. TIL. 165 buy. Tis. 5.70 buy. The 108 bay. $10.10 nom.

$86) sel..

Si buy.

..416) buy.

$100 nom $7 nom

.Th. 101 nom.

Tix. 8 buy

Tis, 65 buy,

(new)...... 29

kay,

Hongking actrics Mf Cão Electrice Macao H.K. Derelopments.

(cambined)

(LOW)

ELKS

Do.

Hongkong Tramways Lane Crawfords...

Msakintosha...

Fear Trame (old).

Do

Sinceres....!

7 nom,

$11 bay. ..$164 buy. 154 sal,

..43 nom.

Mt. 10 sol.

LS bay

bay 6:

10 sel.

:buy?)

nom.

31.buy.

(new

nom

320 nom

12 bay.

$10 nom.

28 sek..

United Aabeertos Watson (old)

Wm. Fowlla omin Singapore Tractions.

whay,➡buyers p meliuseliers; – BL-m

LOMBOmim!.